175‑15 Group production of taxable resou175‑15 Group production of taxable resources

175‑15 Group production of taxable resources

(1) The group production of *taxable resources mentioned in paragraph 175‑10(1)(a) for the miner, for an *MRRT year, is the number of tonnes of taxable resources that: (a) relate to mining project interests the following *entities have, or *pre‑mining project interests that they *hold: (i) the miner; (ii) an entity *connected with the miner; (iii) an *affiliate of the miner; (iv) an entity of which the miner is an affiliate; (v) an affiliate of an entity covered by subparagraph (ii); (vi) an entity connected with an entity covered by subparagraph (ii), (iii) or (iv); and (b) have reached, during the MRRT year, the form in which the resources are intended to be: (i) supplied or exported as mentioned in paragraph 30‑15(1)(a) or (b); or (ii) used to produce something, but not after having been supplied or exported as mentioned in paragraph 30‑15(1)(a) or (b).

Note: If the MRRT year is not a 12‑month period, the group production of taxable resources is affected by section 190‑20 (substituted accounting periods).

(2) For the purposes of subsection (1), the number of tonnes of a *taxable resource is to be calculated when the resource is in the form mentioned in paragraph (1)(b). (3) If: (a) subsection (1) applies in relation to a *taxable resource; and (b) the taxable resource is a quantity of something produced from a process that results in iron ore or coal being consumed or destroyed without extraction; treat as the number of tonnes of that resource, for the purposes of this section, the number of tonnes of iron ore or coal that was so consumed or destroyed.